Wealthquest Corp Purchases Shares of 1,987 V2X, Inc. (NYSE:VVX)

Wealthquest Corp purchased a new stake in shares of V2X, Inc. (NYSE:VVX) in the first quarter, Holdings Channel.com reports. The firm purchased 1,987 shares of the company’s stock, valued at approximately $97,000.

Several other institutional investors have also recently made changes to their positions in VVX. State of Wyoming bought a new stake in V2X during the fourth quarter valued at $45,000. CWM LLC raised its holdings in shares of V2X by 239.0% in the 1st quarter. CWM LLC now owns 990 shares of the company’s stock valued at $49,000 after acquiring an additional 698 shares in the last quarter. Whipplewood Advisors LLC boosted its position in shares of V2X by 4,066.7% during the 1st quarter. Whipplewood Advisors LLC now owns 1,000 shares of the company’s stock valued at $49,000 after acquiring an additional 976 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in shares of V2X by 24.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company’s stock valued at $71,000 after acquiring an additional 288 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of V2X during the fourth quarter worth about $134,000. Institutional investors own 95.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on VVX. Morgan Stanley started coverage on shares of V2X in a research note on Wednesday, April 16th. They issued an “underweight” rating and a $51.00 target price on the stock. Truist Financial lowered their price objective on shares of V2X from $68.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Wall Street Zen lowered shares of V2X from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Stifel Nicolaus began coverage on V2X in a research note on Tuesday, June 24th. They issued a “buy” rating and a $55.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, V2X presently has an average rating of “Moderate Buy” and an average target price of $62.80.

Insiders Place Their Bets

In related news, SVP Richard L. Jr. Caputo sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $44.43, for a total transaction of $177,720.00. Following the transaction, the senior vice president directly owned 15,869 shares in the company, valued at $705,059.67. This trade represents a 20.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

V2X Price Performance

VVX stock opened at $47.58 on Friday. The firm has a market cap of $1.51 billion, a P/E ratio of 36.88, a P/E/G ratio of 0.53 and a beta of 0.27. The firm’s fifty day moving average is $46.91 and its 200 day moving average is $48.31. V2X, Inc. has a 52 week low of $41.08 and a 52 week high of $69.75. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.16 and a current ratio of 1.16.

V2X (NYSE:VVX) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.06. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. V2X had a net margin of 0.96% and a return on equity of 13.97%. The company’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. Research analysts predict that V2X, Inc. will post 4.16 earnings per share for the current year.

V2X Profile

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.